Expectations of the Market Slacken? Here's What Happened To The Market After The NFP Data!

<p>&nbsp;Stock markets continued to fall on the day after the latest US jobs report showed a stronger-than-expected jobs report that showed the resilience of the labor market, dampening hopes for interest rate cuts next year.</p><p><br /></p><p>The US dollar index, which measures the US dollar against six major currencies, traded up 042% to trade at 103,937.</p><p><br /></p><p><br /></p><p>The unemployment rate fell to 3.7% in November, compared to forecasts of 3.9%. The economy added 199,000 jobs in November, slightly above expectations of 190,000 from the Dow Jones and an additional 150,000 in October.</p><p><br /></p><p>However, the decline was somewhat restrained as the data in the monthly jobs report could also support the view that the Fed is steering the US economy towards a soft landing, a steady economic recovery amid declining inflation. Average hourly earnings, seen as a key indicator of inflation, rose as expected in November as the economy added more jobs than in the previous month.</p><p><br /></p><p>Thursday's sustained claims helped support data points on a slowing but still strong labor market,</p>